Why Procore Technologies, Inc. (PCOR) Stock Rose 5.4% on Aug 27, 2026
The clearest new catalyst: Q2 earnings beat and guidance raise (late July).
Why did PCOR stock rise?
Procore Technologies rose 5.4% on August 27, 2026, extending gains from its late-July Q2 earnings beat and raised full-year guidance. The company had reported non-GAAP EPS of $0.47 (beating consensus of $0.42) and revenue of $375.2 million (up 15.8% year-over-year), then raised FY2026 revenue guidance to $1.51–$1.514 billion. Analyst firms including UBS subsequently raised price targets, with UBS targeting $75. The move was also supported by investor confidence in Procore's recently launched Asset Register product.
- Q2 earnings beat and guidance raise (late July): Procore reported non-GAAP EPS of $0.47 versus $0.42 consensus and revenue of $375.2 million (15.8% YoY growth), then raised FY2026 revenue guidance to $1.51–$1.514 billion, catalyzing positive analyst momentum.
- Analyst price-target increases: Major firms including UBS raised price targets following the earnings beat, with UBS targeting $75, supporting continued upside momentum.
- Asset Register product rollout: Investor confidence was bolstered by Procore's recent launch of its Asset Register software tool, designed to simplify digital handovers from contractors to property owners.
Initial detection
BestStocks first flagged PCOR intraday on Aug 27, 2026; this analysis was finalized after the close using the confirmed +5.4% session move and additional catalyst research.
Show the initial intraday note
Procore Technologies (PCOR) rose 5.39% to $63.69 following positive analyst momentum tied to its late-July Q2 earnings beat and raised full-year guidance. The company reported EPS of $0.47 (vs. $0.42 consensus) and revenue of $375.2 million, then raised FY2026 revenue guidance to $1.51–$1.514 billion; UBS and other major firms subsequently raised price targets, with UBS targeting $75 (per Yahoo Finance). Volume of 1.76M shares is running 1.30x normal for this time of session.
What to watch next: Procore's next earnings are scheduled for November 4, 2026 (date not yet confirmed); consensus EPS estimate is $0.46.
Frequently asked questions
Why did Procore Technologies, Inc. (PCOR) stock rise on Aug 27, 2026?
Procore Technologies rose 5.4% on August 27, 2026, extending gains from its late-July Q2 earnings beat and raised full-year guidance. The company had reported non-GAAP EPS of $0.47 (beating consensus of $0.42) and revenue of $375.2 million (up 15.8% year-over-year), then raised FY2026 revenue guidance to $1.51–$1.514 billion. Analyst firms including UBS subsequently raised price targets, with UBS targeting $75. The move was also supported by investor confidence in Procore's recently launched Asset Register product.
How much did PCOR stock rise on Aug 27, 2026?
PCOR rose 5.4% during the Aug 27, 2026 trading session.
What were the main drivers behind PCOR's move?
Q2 earnings beat and guidance raise (late July); Analyst price-target increases; Asset Register product rollout.